{"data":{"id":"us-pa/20-pa.c.s.-7208","jurisdiction":"us-pa","citation":"20 Pa.C.S. § 7208","heading":"Life insurance.","body":"A trustee may acquire or retain a contract of life insurance upon the life of the settlor or the settlor's spouse, or both, without liability for a loss arising from the trustee's failure to:\n(1) determine whether the contract is or remains a proper investment;\n(2) investigate the financial strength of the life insurance company;\n(3) exercise nonforfeiture provisions available under the contract; or\n(4) diversify the contract.","path":["Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES","CHAPTER 72 PRUDENT INVESTOR RULE"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=20\u0026div=0\u0026chpt=72\u0026sctn=8\u0026subsctn=0","current_through":"2026-03-18 (Statute Update stamp, 20 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:33Z","sha256":"4b3ce187666e07bfb7ea44f341caae914731b8ece77e39277cbcadd822a25a87","source_id":"us-pa","stale":false,"prev":"us-pa/20-pa.c.s.-7207","next":"us-pa/20-pa.c.s.-7209"},"notice":"GroundRules: Original legal text. Not legal advice."}